Answer:
<em>Most definitely, Tony would lose due to the integration clause.</em>
Explanation:
An integration clause <em>requires a short paragraph to be inserted into a written contract to confirm a final deal between two sides.</em>
Since drafting a written contract, it may fail to be fully checked by one of the parties involved to ensure that all provisions are included and that both parties sign the contract, which Tony failed to consider.
If this happens, one party could contend that the other failed to uphold a particular condition or phrase that they consented to verbally.
Answer: <u><em>Depreciation for the first year = 17825</em></u>
Explanation:
Given:
Machine purchased for $125,000
Salvage value of $10,000
Output = 100,000
First year of operation, Output = 15500
First, we'll evaluate depreciation per unit over the entire life of the machine:
i.e. 
Depreciation per unit = 
<em>Depreciation per unit = 1.15</em>
Now, we'll compute the depreciation for the first year:
Depreciation for the first year = Depreciation per unit × Output (first year)
Depreciation for the first year = 1.15 × 15500
<u><em>Depreciation for the first year = 17825</em></u>
Answer:
- <u><em>4,099 units or more</em></u>
Explanation:
The cumulative distribution of a random variable X that follows a normal distribution is given by the area undear the "bell curve" and the values are given by the corresponding table for the standard normal distribution.
The standardized value of the variable X is called Z and is calculated with the formula:
Where:
You read the Z-value for which the probability is greater than or equal to 5% in the table for the values of the area to the right of Z. Using probability = area under the curve ≥ 5%, the Z-value is 1.645 (interpolating between p = 0.0495, Z = 1.64 and p = 0.0505, Z = 1.65).
Substituting in the formula for Z:
- X= 60 × 1.645 + 4,000 = 4,098.7 ≈ 4,099
Hence, the bonus will be paid on 4,099 units or more.
Which accounting principle dictates whether the cost of a repair should be expensed?
d. matching
As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.
Answer:
a. automatic stabilizers.
b. automatic stabilizers.
Discretionary spending
Discretionary spending
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
